Software Group Helping Banks Drive Financial Inclusion Via Agency Banking And Other Solutions
Financial inclusion is a tremendous opportunity for many local, regional, and even global banks. Yet capturing it requires specialist capabilities, explored in this brief by Celent, a reputable research, advisory, and consulting firm focused on financial services technology.
According to Celent, many can learn from Software Group’s domain expertise helping financial institutions foster financial inclusion for the last 10 years.
Software Group’s technology solutions, such as Mobile Wallet, Agency Banking, Digital Field Applications/ Origination, Payment Switch, and Integration Platform, all help financial institutions with distribution and are built on top of the robust, future-proof DigiWave Digital Banking Platform.
In this briefing note, Celent’s analysts were especially keen to explore Software Group’s Agency Banking Solution and dive deep into the specifics and benefits of the agency model.
Our Agency Banking Solution, as one of the most developed in the market, allows traditional banks to offer services to end customers through authorised agents in a cost-effective way, without having to expand their branch network or ATM estate.
According to Celent, many can learn from Software Group’s domain expertise helping financial institutions foster financial inclusion for the last 10 years.
Software Group’s digital banking solutions acknowledged as a viable option for financial institutions looking for technology partners
Software Group’s technology solutions, such as Mobile Wallet, Agency Banking, Digital Field Applications/ Origination, Payment Switch, and Integration Platform, all help financial institutions with distribution and are built on top of the robust, future-proof DigiWave Digital Banking Platform.
In this briefing note, Celent’s analysts were especially keen to explore Software Group’s Agency Banking Solution and dive deep into the specifics and benefits of the agency model.
Our Agency Banking Solution, as one of the most developed in the market, allows traditional banks to offer services to end customers through authorised agents in a cost-effective way, without having to expand their branch network or ATM estate.
Digital engagement is not just for emerging markets. Digital origination and onboarding, digital wallets, and self-service capabilities are key priorities for all banks. And as the COVID-19 pandemic forces every bank to reevaluate their physical channel strategy, alternative approaches such as agency banking could offer interesting lessons on blending physical with digital.
Zilvinas Bareisis, Celent